JOIN OR RENEW TODAY
Latin America's antiglobalization epoch, from 1913 to 1970, was marked by high regulations and antitrade efforts that have fueled Latin America's economic problems.
Even with November's small rise, money supply growth is far below the unprecedented highs experienced during the past two years. This points to a weakening economy.
In the cold light of economic reasoning, we can see that the Marshall Plan was in essence a scheme for postponing the bankruptcy of socialism and the welfare state.
Money and Banks
In its effort to patch together a working financial system out of postwar crises, the Federal Reserve would wildly exceed its mandate, flooding the world with dollars.
Friday's jobs report was weak, but the most alarming datapoint is that real wages are plummeting.
Yet again, earnings aren't keeping up with inflation, and the Fed is feeling political pressure. But can the economy survive any serious move toward ending massive stimulus?
Any discussion of money and banking in the United States post-1945 starts with introducing its two central features: the Bretton Woods System and the New Deal.
Thanks to vast regulatory powers, regimes have many tools and many advantages in propping up fiat currencies when faced with competition from other currencies.